Confidence of investors shaken but Modi government refuses to acknowledge truth: Priyanka on economy
The Congress leader has been relentlessly attacking the government over the issue of economy in the last few days and demanding answers from the government over the economic slowdown.
It is unlikely that even high crude oil prices would push up retail inflation high enough for RBI to put hold on expected interest rate cuts since the price rise effect is expected to be short term.
The blueprint for the stimulus is ready that would be announced by Finance Minister Nirmala Sitharaman in the next few days, the official said without giving further details.
Expressing concern over the first quarter GDP, RBI Governor said that the numbers looked much worse because RBI had projected 5.8 per cent.
Swamy, however, is hopeful that India will come out successful, as it has in all crises in the past 72 years.
The Union Minister for Road Transport and MSMEs was speaking at a function to mark 65th foundation day of the Vidarbha Industries Association in Nagpur.
Sinha also raised a question about Sitharaman's announcement to organize a mega-shopping festival in India on the lines of Dubai Shopping Festival to boost exports.
Finance Minister Nirmala Sitharaman announced about Rs 70,000 crore package for exports and real estate sectors on Saturday.
Several economists have forecast India’s growth to be in the 5.5-6.75 per cent range, lower than the government’s 7 per cent forecast.
The 15th Finance Commission is scheduled to submit its report to the government by November 30.
Care Ratings revised its outlook after industry volume witnessed the sharpest decline at 13.3 per cent in April-August over the year-ago period.
The current share of gas in India's energy mix is 6.2 per cent, in comparison to the global average of 24 per cent, the Indian government aims to increase it to 15 per cent by 2030.
Losing Steam: Cumulative revenue growth of 642 companies slowed to an 11-quarter low at 5.7 per cent in April-June
Economists feel that despite the announcement of corrective measures by the Government, overall growth for the year would remain subdued.
A scrappage policy is a government-budgeted programme to promote the replacement of old vehicles with new ones.
Honda Motorcycles & Scooters India introduced a variant of its popular scooter Activa that is compliant with BS-VI emission norms.